NYMEX Henry Hub May settled at $6.28/MMBtu April 8 April 7 was prompt-month’s highest price since December 2008 Widening storage deficit, strong LNG exports possible drivers After settling at its highest price in over a decade on April 7, the NYMEX Henry Hub prompt-month contract largely kept its gains in April 8 trading, as a widening storage deficit and the strength of natural gas exports raised supply concerns.
NYMEX Henry Hub May settled at $6.278/MMBtu April 8, just 8.1 cents lower than its prior-day settlement of $6.359/MMBtu on April 7, preliminary settlement data from CME Group shows. The April 7 daily settlement was the highest the prompt-month contract has reached since Dec. 2, 2008, according to data from S&P Global Commodity Insights. Even with the April 8 dip, the May contract has gained more […]